The software firm turned bitcoin holder swung to a $8.22 billion net loss in Q2 2026 due to fair value adjustments in its BTC portfolio.
MicroStrategy reported a net loss of $8.22 billion for Q2 2026, reversing a $10.02 billion net income from the same period last year. The loss was driven by fair value changes in its bitcoin holdings, which totaled 843,775 BTC as of July 26, a 25% increase year to date.
The company raised $17.06 billion through its at-the-market offering programs and increased its USD reserve to $3.75 billion. This reserve now covers over 2.1 years of preferred stock dividend and debt interest obligations. MicroStrategy also reduced its convertible debt balance to $6.71 billion from $8.21 billion at the end of the quarter.